You must:

• be between 21 and 59 years old;
• submit a verified business plan;
• have completed high school;
• intend to live in the province permanently while owning and managing a local business with the potential of bringing economic benefit to the local communities;
• participate in the active and ongoing management of the business;
• have a personal net worth of $600,000 CAD;
• be able to invest a minimum of $200,000 CAD in establishing your business that you earn at least a third of;
• create at least one job for a permanent resident or citizen of Canada;
• show your business is for profit with the primary purpose of making a profit through providing services or selling goods;
• have a minimum of two years’ experience in managing and owning a business during the past five years or five years of experience in a senior management role during the past five years;
• have at least level five in all four categories of the Canadian Language Benchmark Test in either French or English;
• complete an Expression of Interest (EOI); and
• receive an Invitation to Apply (ITA) from Newfoundland and Labrador immigration.

The business must:

• meet legal standards;
• be seen as a permanent establishment as defined by the Canadian Income Tax Regulations; and
• be able to bring economic growth to the province.

If you plan to start a business, you must create at least one position for a Canadian citizen or permanent resident of Canada. This position must:

• be in addition to your own position;
• be directly related to the business; and
• be in line with the wage standards of the community.

You must:

• buy a business that has been in continuous operation by the same owner for the past five years;
• complete an exploratory visit to meet the current owners of the business;
• buy a business that is in active operation;
• offer similar employment conditions to the existing staff; and
• show that effort was made to provide a fair market value for the business.

If your intention is to enter a partnership with several applicants (maximum of 10 per application), each of you who want permanent residence through the partnership must:

• invest a minimum of $200,000 CAD in the partnership and own at least one-third of the company; or
• invest a minimum of $1,000,000 CAD.

You must:

• be at least 21;
• submit a verified business plan;
• have earned a tertiary qualification after two years of studying at Memorial University or College of the North Atlantic;
• have a valid post-graduation work permit;
• intend to live in the province permanently while owning and managing a local business with the potential of bringing economic benefit to the local communities;
• have at least one year’s experience in actively managing and owning the current business (at least one-third of the business);
• create at least one job for a permanent resident or citizen of Canada;
• show your business is for profit with the primary purpose of making a profit through providing services or selling goods;
• have at least level seven in all four categories of the Canadian Language Benchmark Test in either French or English;
• complete an Expression of Interest (EOI); and
• receive an Invitation to Apply (ITA) from Newfoundland and Labrador immigration.

The business must:

• be created as a career objective, not for the sole purpose of immigration;
• meet legal standards;
• be seen as a permanent establishment as defined by the Canadian Income Tax Regulations; and
• be able to bring economic growth to the province.

If you plan to start a business, you must create at least one position for a Canadian citizen or permanent resident of Canada. This position must:

• be in addition to your own position;
• be directly related to the business; and
• be in line with the wage standards of the community.

You must:

• buy a business that has been in continuous operation by the same owner for the past five years;
• complete an exploratory visit to meet the current owners of the business;
• buy a business that is in active operation;
• offer similar employment conditions to the existing staff; and
• show that effort was made to provide a fair market value for the business.